Word: pensiones
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...Patrick Gray to serve--apparently illegally--as "interim" FBI director for almost a year. His new chief aide, Gen. Alexander Haig, is now serving at the White House while allegedly illegally retaining his military commission so that he can accumulate enough military service to qualify for a general's pension...
...staid headquarters of General Motors last week, officers of the United Auto Workers jokingly presented company executives with a huge white cake iced with the words 30 AND OUT NOW! They were emphasizing the union's push for retirement with a monthly pension of $650 after 30 years' employment-whatever a worker...
Some of the Teamster officials who are cooperating in the investigation are loyalists of ex-Teamster Boss James Hoffa, who was imprisoned in 1967 for jury tampering and racketeering in the union's pension fund. Hoffa was freed in December 1971 through a presidential commutation of his sentence, but the terms of his release restricted him from retaking control of the union...
...find lesser-known stocks whose value has been cut in half so far this year. One result is that tens of millions of Americans, whether they know it or not, face the prospect of retirement benefits less generous than they had hoped for, because the stocks that their pension funds invest in have gone down. The dive has mystified even top corporate executives. Robert Oster, senior vice president of California's Bank of America, the nation's largest, reports that on a recent nationwide tour he kept hearing the same refrain from corporate clients: "How the hell...
...Coop is quick to rebut its critics. General manager Davis recently labeled many of Steele's criticisms as "contrived." He claimed that a new profit-sharing plan more than compensates Coop employees for any losses they might have suffered resulting from the adoption of a new pension plan last year. The Coop pension plan has been one of Steele's favorite targets...